NXP Semiconductors Announces Redemption of 3.75% Senior Notes Due 2018

EINDHOVEN, The Netherlands, March 09, 2018 (GLOBE NEWSWIRE) — NXP Semiconductors N.V. (NASDAQ:NXPI) through its subsidiaries NXP B.V. and NXP Funding LLC, delivered notice on March 9, 2018 to the holders of its 3.75 percent Senior Notes due 2018 that it will fully redeem on April 9, 2018, the $750 million of outstanding principle (the “Note Redemption”). 

The company will utilize cash on its balance sheet to fund the planned Note Redemption.
This announcement is for informational purposes only.
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ:NXPI) enables secure connections and infrastructure for a smarter world, advancing solutions that make lives easier, better and safer. …